Friday, 26 August 2011

QE3 OR NOT ! BUY GOLD & SILVER NOW - GOLDMONEY.COM

Quantitative Easing III (“QE 3”) is the talk of the town right now. The reason why is because such a grand programme – where the Federal Reserve makes outright, large-scale purchases of US Federal debt – will most likely be discussed and, possibly announced, by Ben Bernanke in his speech this afternoon at the Federal Reserve’s annual economic symposium at Jackson Hole, Wyoming.

Note, however, Quantitative Easing II (“QE2”) did not come out of Jackson Hole in 2010. It was actually at this meeting where the Federal Reserve Chairman Bernanke denied that QE2 was going to be implemented. QE2 was a “tool” at the Fed’s disposal, the Chairman remarked, but not necessary at this time.